Dril-Quip, Inc. Receives Average Target Price of $92.3

Dril-Quip, Inc. (NYSE:DRQ): According to 10 Analysts, The short term target price has been estimated at $ 92.3.The target price could deviate by a maximum of $16.01 from the forecast price. In the near term, the target price could hit a high of $130 and a low of $ 70.The information is based on average recommendation on company rating and price target for short term (6 to 12 months) .In a research note released to the investors, FBR Capital downgrades its rating on Dril-Quip, Inc. (NYSE:DRQ).The analysts at the brokerage house have a current rating of Market Perform on the counter. Earlier, the shares were rated a Outperform by the brokerage firm. In a recent information released to the investors, FBR Capital lowers the new price target from $120 per share to $90 per share.

Dril-Quip, Inc. (NYSE:DRQ) : Strong bullish mood helped the shares of Dril-Quip, Inc. (NYSE:DRQ) appreciate in value. The share price gained 1.31 points or 1.71% to close at $78.02 with 629,145 shares exchanging hands. The trading began on a bullish sentiment but no considerable downsides were seen throughout the day; the intraday low was registered at $77.77. However, the shares hit an intraday high of $81.13. The previous close of the share price was $76.71. Dril-Quip, Inc. (NYSE:DRQ) has a market cap of $3,080 million and the number of outstanding shares is calculated to be 39,473,000. The 52-week low of the share price is $68.09.

Dril-Quip, Inc. (NYSE:DRQ), A rise of 128,658 shares or 17.9% was seen in t....

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